How Much Do I Need To Retire?

Retirement Planning

My Annual Income

$0 $1,000,000

Expected Annual Expenses in Retirement

$0 $1,000,000

Retirement Length (years)

Expected Annual Rate of Return (%)

Social Security Income Replacement (%)

0% 100%

This scenario may help you understand how much you'll need to save for retirement based on your inputs.

Average

$993,265

80% Rule

Without Social Security: $1,229,796

With Social Security: $737,878

10x Salary Rule

Without Social Security: $1,000,000

With Social Security: $600,000

25x Expenses

Without Social Security: $750,000

With Social Security: $450,000

Making a career move requires tough decisions, not the least of which is what to do with the funds in your retirement plan.

Tax preparation may be the perfect time to give the household budget a check-up.

Preparing for the eventual distribution of your assets may not sound enticing. But a will puts the power in your hands.